Job Description

Roles & Responsibilities

To apply, please send your CV to busdev@nsce-inter.com and recruitment@nsce-inter.com by

30 November 2025 with the following email subject line:: Expert 4. Risk Management Expert:

Strategic Capacity Enhancement in Islamic Finance for the Central Bank of Libya – [APPLICANT

NAME]

Project: Strategic Capacity Enhancement in Islamic Finance for the Central Bank of Libya

Assignment: Strengthen the Central Bank of Libya operational and regulatory capabilities

through a series of specialized studies, the development of comprehensive manuals and

guidelines, and practical capacity-building initiatives.

Country: Libya

Duration: Approx. 12 months

Level of Effort: TBC

Funded by: The Islamic Development Bank Institute (IsDBI)

Project Background

The main objective of this consultancy is to support the CBL in advancing its Islamic finance

operations. This will be achieved by providing expert guidance and delivering a set of targeted

studies and detailed manuals that align with global best practices and the standards of leading

Islamic finance bodies, including AAOIFI and IFSB.

Detailed Scope of Services

1. Treasury Guidelines: Map the treasury landscape, set procedures for Shariah-compliant

investment and risk management, and define monitoring, reporting, and internal

controls for Islamic treasury operations.

2. Investment Opportunities Study: Assess Shariah-compliant instruments for central

banks considering liquidity, yields and risks, benchmark international reserve practices,

and identify operational and legal requirements for implementation.

3. Liquidity Management Study: Analyze Islamic liquidity instruments locally and

internationally noting effectiveness and limitations, recommend safeguarding tools and

market-strengthening measures, (e.g., profit equalization, risk reserves)and develop

contingency strategies for systemic liquidity risks.

4. Accounting Guide: Align processes with AAOIFI and IFRS, provide daily/periodic

templates, and address asset recognition, profit-sharing, impairments, and disclosures

for Islamic contracts.

5. Treasury Governance Guide: Define governance roles for treasury and Shariah boards,

establish accountability, internal controls, compliance oversight, and recommend

performance metrics and review cycles for Shariah compliance.

6. Financial Reporting Guide: Offer templates and checklists for Islamic financial

statements ( valuation / disclosure), address profit-sharing and account management,

and reference CPIFR, AAOIFI, and IFRS standards as appropriate.

Deliverables

• An inception report detailing the proposed methodology and schedule. (Current State

Assessment Report)

• Preparation of Treasury Guidelines (Deliverables-1)

• Study on the Central Bank Investment Opportunities in IF Products (Deliverables-1)

• Study on Liquidity Management and Liquidity of Financial Products (Deliverables-1)

• Manual of Islamic Finance Operations and Accounting Procedures (Deliverables-1)

• Manual of Governance for Treasury (Deliverables-2)

• Manual of Financial Reporting (Valuation/Measurement, Presentation and Disclosures)

(Deliverables-2)

• Manual on Risk management Tools for Treasury (Deliverables-2)

• Study on required IT Systems/ Solutions for Treasury (Deliverables-2)

• Manual on Supervision and Auditing procedures for Islamic investment products

(Deliverables-2)

• Draft and final versions of each guide/report for each assignment area. (Deliverables-2)

• Executive summaries and policy checklists for each output. (Deliverables-1 and

Deliverables-2)

• At least one in-person or virtual capacity-building workshop for CBL staff and key

stakeholders.

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